>> from the Cosmopolitan Hotel in Las Vegas, Nevada. It's the Cube covering Cooper inspired 2019. Brought to You by Cooper. >> Welcome to the Q. But Lisa Martin on the ground in Las Vegas for Cooper Inspire. 19 Hot Vegas. Fresh Insight. I'm pleased to welcome Max Ground, the managing director from Deloitte to the program. Hey, Max. >> Good morning. Good afternoon. >> Good afternoon. Whatever time it is, Vegas Right here is this. It's a time warp. They don't like you see outside It's >> only place the world. The 25th hour. >> Right? So here we are. It inspired 19 kick Everything kicked off this morning with the general session. I was teasing Rob Bernstein a couple hours ago and I had him on that. I learned three things in the general session. He likes pizza, he likes kittens. And Cuba's platform now has 1.2 trillion dollars of spending data going through it. And I thought, man procurement is not what I thought. It wa ce and you have a really >> interesting story about procurement. I'd love for you to share with our audience >> because you said in your session earlier today you said people in this standing your morning session. How many of you wanted to be on procurement? Anybody that raises their hands of line tell me about the procurement of yesterday, the >> opportunities that it's given you and what it is now. >> So I think >> in the past, >> security has been something that had to happen. It was a must have not a place that people saw value. But was the rule enforcers right? So trying to do that and really adding value by discipline, where today, if you think about it, the value that they can add by driving savings authorization drops right to the bomb line. So all the savings that are out there, all >> the negotiations that are doing, it's really unique skill set >> and something that people really should move into finance folks when they're looking for a new opportunity. It's a great skill set to have. Lately I've come across a former attorneys are practicing law but now doing strategic sourcing, doing procurement, work, people from finance because the talent that you have to have is field work with people within their companies, understand their needs, negotiate with suppliers, do hard core analytics and, oh, by the way, we're talking about Cooper has helped in change and implemented technology like that. It's really fascinating. >> It's so much more than >> being a buyer or being somebody that's controlling a particular business unit's ability to buy and spend. >> One of the interesting things about Cooper is this platform that allows what started, I >> think, initially as more procurement corner invoicing is now expanded to also include payments and expenses and travel management and contingent workhorse management. So what the CPO now has the opportunity to do is get this visibility right across an entire business of all of the spending, to your point, make massive impacts to the bottom line. >> Yeah, I >> mean, data is so important, right? In the past, the vendors had all the information. Why? Because the sales people how to get commissions. They knew exactly what was being bought of that company. Today, you can reverse engineer saying, selling cells. I say it's reverse sales. I can't go in there and I tell them now I have the full picture. So if it's divided up that category by three or four different vendors, they're making assumptions about how much market share they have. I know it all. I can create a model, a pricing model on the reverse. Engineer it. It's really for sales. I'm telling them now why they should give me a great discount for the organization and >> I >> have the ability to actually enforce that and drive the savings that we have for the organization. It also helped them drive their numbers on sales. So it's a mutually beneficial relationship. They have more market share. I drive better value for the organization. It really works well, >> Well, one of the destructor is that you're kind of alluded to Is this consumer ization? You know, when you go to buy >> a car these days, you just walk in there. You have as a as a buyer of the consumer oven automobile. You have access to every piece of information possible, the whole transaction process. The sales process is different. So as consumers in our regular lives, we have so much expectation that weaken, find anything good Amazon, find anything that we want, get it delivered tomorrow and have all these information on what? Where's the best place I could get it? Who's selling it for what? How is this person that you know, more trustworthy supplier So this consumer ization element and how it's changing the role of the CPO in the CFO is >> really revolutionary. >> It really isn't so you think about it. Most of us go out to Amazon by something, and really the only control there for me, for example, is my wife has to approve it, right, so that's the only veto authority. So that's really the only difference between the two platforms. If you think about it is, there's controls in place, so you're doing the right thing. But from an end user perspective, if I go out there and find the right item and again in Amazon, I don't to go find the supplier. I don't know if that be on contract. Why don't you do that work? We shouldn't have to. I should just go out there and say, I need this And in the background, Cooper is working all those things, presenting the right products on the right contracts, driving right value and almost is important, minimizing the risk. So across all those different lenses, you see why the value of Cooper is for the end user. They're getting what they need for the organization, for the company we're reducing risk and we're increasing value, and then you have rich reporting on the back end. So it's just it's a great way of doing business. It really is taking what you used to do or what you do. It's Sunday afternoon like Rob, you say Monday at work, and I think that's really powerful thing of perspective. >> It is. And it can be so impactful if applied in the right way with an organization, whether it's a manufacturer or hospital or retailer that has a culture that is willing to embrace change, right? I mean, there's that right, Especially >> get him to get your >> perspective on when you're implementing Cooper at a large organization. Maybe have been around for many, many years versus maybe a more modern that we think might be more nimble organization. Culturally, Do you see massive differences in how they're leading procurement, and are you able to sort of level the playing field and show them doesn't matter what your culture is? Here's how your business, your body. >> So from a change perspective, I think there's a different perception. The newer, nimbler organization believes that they changed easy, but it still may have people the older organisation again still made people most people don't like to change. What I have learned is if you help them understand the value of it, how they're doing it, how their jobs are going to change and give them the tools to do it. Some people are gonna be early adopters. But finding that one person, the organization, no matter what level they are in that business unit or in that department that has that informal voice that people look to naturally, that the Nazi leader who's in a leadership position with leader from a personality perspective get them on board. And sometimes that's the hardest thing to do. They might be the most changed resistant, but was that person flips, They become your greatest greatest advocate out there. So it's a personal thing. This is hard work. That's why I talk about in our sessions, is going through. This requires a lot of work, but it's worth it. You can measure the value on the end that you got help. People understand why you're going on this journey and have have resource is there for help. >> So what were some of that? You said you did good Q and a session during your break out this afternoon. >> Tell me some of >> the things that that some of the audience said that you thought was really like they're getting it, >> Yes. So the whole point of our session was going live is not really the goal, right? That's just >> a guess, the exact right. >> And so most people focus on going live, and the answer is congratulations. You purchased the product, Kuba, and now it's working. So what? You don't have any real data? What do you do in the future? Some questions were as they're going through Supplier Neighborhood. The shift between procurement now taking a larger role in the relationships with the vendors. Well, that's great. It should be a balanced relationship. You know, there's a procurement role in that. And then there's the end. Users are the people in the organization from the business. You have to relate with those suppliers, so work together. If you were together in the past now it's a great time to do that. There's some other questions about if something is not working correctly. Post go live how quick It's not broken, but it could be optimized or you're getting complaints about. How quick should you change it? The answer is, I don't know, measuring yourself. I mean, obviously it's broken. Fix it. But it might be something around change. And maybe you have to help people understand why they're doing this new process. If people are giving feedback positive, negative, mostly native, was positive. We just go off our way. Welcome to Yelp. But if it's negative feedback, listen, don't get offended, understand that perspective and then measure it. Say, Is this something that we did is saying the platform, or is it just changed and work with it? What I tell our clients to is in Cooper, Just cause you can doesn't mean you should. I mean, that's really easy to build a field custom field, really easy to build, custom approval chance, really hard to maintain that stuff. So try to do it out of the not out of the box, but configured without as much customization as possible, and they can always improve it, understand it better. >> I think the key to adoption is the more customization that you have. I imagine the adoption funnel gets narrower and narrower. It's got >> interesting, so you customize because you think that's the way the process should go, because that's how we do it today. So if your goal is to take how you do your process today and put into Cooper, also tell clients congratulations. If you had a bad process now you're bad process that works faster. So take the time to say, Let's step back. Companies evolve, right? And so as they're evolving, if you haven't taken a really a view purposeful of you backwards and measure organization, where you're out from a charity model assessment, then you probably don't know where your gaps are. Take the opportunity when you're implying Cooper to use kind of leading practice that Cooper has start with that and said, Going back to what you're doing today, you know what a great example. That's improvers, right? So people like to have 10 approve er's because they think it reduces risk. So if I go back and look and I asked the audience, say, how many purchase order requests rejected? Very few. And how long do people actually have it open when they re prove it? So that's three seconds when they open it up and looked at it, do they really assess it from a risk perspective? Probably not. But if four people ahead of them approved it, that person's just gotta prove it, because I think it's okay because they're assuming someone else is looking at it, as opposed to in Cooper. Now I have the rich data to understand it. I could minimize risk that way instead of trying to do it. And what is a false sense of security? >> So getting people on board with bringing in automation and leveraging like I was saying in the beginning, the 1.2 trillion of spend that's going through the Cooper platform toe leverage that intelligence to not only have Cooper create the prescriptions for companies to be able to go. Okay, we don't we shouldn't your point. We shouldn't take a process that was clunky before and just do it faster. Still clunky, being able to have the automation thing. Analytics. Really, Those core enabling technologies can also be quite revolutionary. >> Absolutely. Yeah, absolutely. So the coop insights now, and you're seeing that measured against others and its mass, but you see how you're doing it, So this is really powerful sitting your goals out there and seeing how you're doing. Adjusting those really question yourself is, if we're not getting is approved in the speed that we thought, How do we do it differently? Right, So and that's nice about Cuba. It is really sounds right, and they really do come out with three releases a year, which is powerful. And so it's always changing, which means you have to be nimble. Understand your organization, adopting the new technologies to come out. They're also looking at their acquisitions and seeing that fits into what you're doing. >> Exactly. Last question for you is the announcement of the expansion of their in the AWS marketplace today and thinking, Wow, the I t person is probably gonna finally all these Shadow I T units that are popping up in finance and marketing and engineering and whatnot. They now have the ability to see and manage the entire software from search to deployment and management through AWS. What advantage is that going to give Deloitte when you're working with Cooper customers on implementation? >> That's probably too soon to say on that one. All the expansions they're having really help us with another tool. Tell clients I would say that there's always measuring the benefit for that client in the risk. So even if you take Amazon, for example, just opened by for Cooper is managing that So Amazon. When they first came out with Amazon for business open by, you couldn't control the categories that were exposed to the client. Now you can, but you can't control the items. So having a process in place, having a category strategy and then maximizing it if Amazon works that client fantastic, AWS is gonna get them or visibility across their platforms to manage those better. Fantastic. I think it just gives another opportunity to bring clients back into Cooper. Have a look at the value for Cooper from an end and solution, and all these wraparound acquisitions are making our expansions with their clients, people pay and all those other pieces out there. It's just another thing for them to have a goal and understand make a decision from their business, whether they're going to use it or not. But there's there's value across the board. Every every client is different, >> Absolutely. But it's also that that consumer ization approach that if you can take a process that somebody does on their own time, whether they're buying soccer balls or pool and bring that to their business life, that consumer ization following them. You think with potential there to transform every industry, every function, every line of business. It's just infinite. So >> truly dot, >> dot dot to me. Continue. Absolutely Wish we had more time. But Max, thank you so much for joining me on the Cube today and talk doing talking to me about what's going on at Deloitte and congrats on having us standing. You're only sessions. That's good, right? Take for Max Ground like I'm Lisa Martin. You're watching the Cube from Cooper Inspire 19. Thanks for watching.